Gazprom Considerably Boosting Gas Supply to Croatia

Source: www.gulfoilandgas.com 7/9/2014, Location: Asia

Led by Alexey Miller, Chairman of the Company's Management Committee, a Gazprom delegation paid a working visit today to the Republic of Croatia.

As part of the visit, meetings were held with Ivo Josipovic, President of the Republic of Croatia and Zoran Milanovic, Croatian Prime Minister.

The parties addressed the current state and prospects for the cooperation in the oil and gas sector. In particular, they discussed the South Stream project as well as the project for constructing its gas branch to Croatia, which was currently under consideration.

The meetings also touched upon Gazprom Group's gas supply to Croatia. The Group resumed its natural gas supply to Croatian consumers in 2013. It was pointed out that during the six months of 2014 the Republic had been supplied with 0.34 billion cubic meters of gas, which exceeded the total 2013 supply volume by 45 per cent. In addition, the parties looked into the issues of implementing joint NGV projects.

Special attention was paid to the prospects for Gazprom Neft's participation in the bidding procedures for obtaining subsurface blocks in Croatia in order to conduct geological exploration and develop hydrocarbon fields in future.

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